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Dec 30, 2012
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it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> the president's proposal to raise taxes on the top two percent of americans won't even pay one-third of the annual interest that's now owed on the massive $16 trillion debt. >>> the house returns tonight just one day before a deal needs to be reached. it's likely negotiators will be burning the midnight oil as the clock ticks down to 2013. there will be a lot more on the fiscal cliff coming up this morning on abc's "this week." charles summer of new york and republican senator john kyle of arizona debate the last-minute efforts. that's coming up at 8:00 this morning on" this week "with george stephanopoulos on abc7. >>> coming up, an attempt to rescue a man that fell into icy water goes horribly wrong as several more people fall in trying to save him. we will tell you what happened next. >>> and the last-minute push is on to prepare for
it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> the president's proposal to raise taxes on the top two percent of americans won't even pay one-third of the annual interest that's now owed on the massive $16 trillion debt. >>> the house returns tonight just one day before...
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Dec 30, 2012
12/12
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KGO
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the question is can we get a deal done or will washington's dysfunction drive up all our tax bills. and superstars oak ridge boys and a serenade for the hospitalized former president h.w. bush. it seems to have worked. we will have the good news for you. and a new cell phone contract. the extraordinary 18-point agreement that this mom made her teenage son sign so he would not abuse the i-phone he got from christmas. a lot of parents paying attention to this contract. she has some very creative points in there ask we will share them with you coming up on gma, carolyn. >> how old was the son or is the son? >> thirteen. >> thirteen, okay. i think that's age-appropriate for a cell phone with conditions. >> right. and she had some pretty interesting conditions. i would argue that everybody who has a cell phone should sign these conditions, frankly. >> all right. sounds good. we will look for that, dan. i guess one would be no nude pictures. that's always a good thing to keep in mind. bingo. >> that's exactly right. good guess. >> happy new year to you. >> thank you. you, too. >> all righ
the question is can we get a deal done or will washington's dysfunction drive up all our tax bills. and superstars oak ridge boys and a serenade for the hospitalized former president h.w. bush. it seems to have worked. we will have the good news for you. and a new cell phone contract. the extraordinary 18-point agreement that this mom made her teenage son sign so he would not abuse the i-phone he got from christmas. a lot of parents paying attention to this contract. she has some very creative...
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Dec 27, 2012
12/12
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KGO
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democrats and republicansqló hae four days to reach a+%sxç deal before mandatory budget cuts and tax increases kick in on >>> netflix wants to get into the social networking game. >> new ceo of yahoo plans to make appearance at upcoming electronics show in las vegas. >>> goodÚç morning ellen. >>> good morning. the big consumer electronics of -- marissa mayer, a lot of hope she is expected to be there. she is an ing partiesanaÑ, one-on-one meetings trying -- trying to reestablish the sometimes rocky relationship that yahoo has had with 17 minutes into the trading session little change, we are seeing gains, for the dow, for the nasdaq as well as s&p. bloomberg index has been in the negative since we opened, a lot of wait and see about what is going to happen now that the president and congress are returning to washington today to deal with fukushima daiichi -- to deal with the fiscal omq= cliff issu. retailers are doing a better job of controlling inventories, macy's and abercrombie & fitch don't have as much merchandise leftover they need to clear out.÷s+0t netflix trying if get m
democrats and republicansqló hae four days to reach a+%sxç deal before mandatory budget cuts and tax increases kick in on >>> netflix wants to get into the social networking game. >> new ceo of yahoo plans to make appearance at upcoming electronics show in las vegas. >>> goodÚç morning ellen. >>> good morning. the big consumer electronics of -- marissa mayer, a lot of hope she is expected to be there. she is an ing partiesanaÑ, one-on-one meetings trying...
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Dec 24, 2012
12/12
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KGO
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the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed run for the white house. comments coming now from his eldest son. tag romney tells "the boston globe" that his dad never actually wanted the top job and he was reluctantly convinced to run for president. "he wanted to be president less than anyone i've met in my life" is what tag said, direct quote. he went on to say that his father is a very private person who simply does not like attention. that's a stunning remark, the money, the time, the scheduling, the scrutiny, the investment. the people around you who come along for the ride. if you don't really want it, why would you jump and devote two years of your life running for the toughest job on the planet? >> i was at the romney headquarters election night and i can
the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed run for the white house. comments coming now from his eldest son. tag romney tells "the boston globe" that his dad never actually...
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upon whom is it going to erupt i will attack myself am i going to tag my brother you understand i want tax my own image you know. and i am going to eventually attack the cause of my anger and my frustration. at seven pm on the sea level one thousand and sixty five in the corners of a hundred sixteenth an awful lot twenty one year old watts resident market fraud was pulled over by the california highway patrol on suspicion of drunk driving a routine traffic stop until police insisted on impounding frys car despite being less than two blocks from home fries mother. join the rapidly growing crowd who along with marquette grew increasingly belligerent of what they felt was the heavy handed police response l.a.p.d. reinforcements are called in the scuffle broke out and fried. his mother and brother were all taken into custody. the squad cars rolled away but the crowd continue to swell as word of the incident swept through the neighborhood when i woke up one hundred fifty to. quarter from the. what happened he said. we just got more and more it was a cumulative it was one. two minutes. sometimes
upon whom is it going to erupt i will attack myself am i going to tag my brother you understand i want tax my own image you know. and i am going to eventually attack the cause of my anger and my frustration. at seven pm on the sea level one thousand and sixty five in the corners of a hundred sixteenth an awful lot twenty one year old watts resident market fraud was pulled over by the california highway patrol on suspicion of drunk driving a routine traffic stop until police insisted on...
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loans three broadcast quality video for your media project tax free media oh god r t dot com. fifty over one thousand watts residents are surging up and down the i love the about one am spike twenty nine arrests and sporadic reports of mandamus the situation was assessed by the l.a.p.d. as being under control the a. lot. going . on tense but relatively quiet. at two pm a meeting was called in a neighborhood rec center simply representatives from various community groups elected officials the l.a.p.d. the media. and even reading from. that we must stay off the streets i think the civil rights drive in america has demonstrated that well be that. the cutting through a call for order only the night before was raised by thousands in the street and i would take. what you like. this week the negro people down here. to. suck it up we know it's real and you can show it you greater than living it show that it doesn't work it doesn't destroy. it in the process will take the. parents are coming from places where black men are expected to step up the street and say yes to a twelve year old
loans three broadcast quality video for your media project tax free media oh god r t dot com. fifty over one thousand watts residents are surging up and down the i love the about one am spike twenty nine arrests and sporadic reports of mandamus the situation was assessed by the l.a.p.d. as being under control the a. lot. going . on tense but relatively quiet. at two pm a meeting was called in a neighborhood rec center simply representatives from various community groups elected officials the...
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Dec 28, 2012
12/12
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KGO
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> some republicans are pushing boehner to avoid the white house for blaming them for a crash on the taxes on the rich. >> the white house is ready for christmas. the first lady gave a tour of the presidential decorations and that is not it. >> how do you know? maybe they have been growing something in the garden. >>> the white house released their holiday card. it is a realistic painting. it's the obama family dog in front of the white house. the painting was done in black and white. it's based on a color photo. that's the original photo. it was a little too colorful for me. a very colorful. i think beau might be getting to the obama supply of centrum. speaking of the holiday spirit this is nice. this happened in thanksgiving. a station in kentucky was doing a live report from a shelter that does an annual thanksgiving dinner. keep an eye on what goes on in the background in tonight's edition of "behind the news. >> what are you thankful this thanksgiving? >> this thanksgiving i'm thankful i see all these men and women in this hotel who come in and have a good thanksgiving and share it wi
> some republicans are pushing boehner to avoid the white house for blaming them for a crash on the taxes on the rich. >> the white house is ready for christmas. the first lady gave a tour of the presidential decorations and that is not it. >> how do you know? maybe they have been growing something in the garden. >>> the white house released their holiday card. it is a realistic painting. it's the obama family dog in front of the white house. the painting was done in...
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try to make something out of the tax cut education of our soldiers feel. the alex explained you never please. when islamists. but would you be taking place in the galaxy. such a great holiday let's explain the chemistry to make. up for a week from old like space twenty one in making the three strikes late modern day usa even though this is a bit late in a lot of play we keep the to follow the trend in the fall the way trying to escape the shelf with the page was cut the mystique sticks eliquis crimson pleasure. jack so they want to polish it would ship the ocean and the streets and exam results in a whack a mole. he's got to treat things easily be able to keep from other. colleagues let's say a police allegedly. do we speak your language anybody will or not at their core music programs and documentaries in spanish more matters to you breaking news i will turn it into angles kittens stories. you hear say and then try to all teach spanish find out more visit eye to eye all tito is calm. wealthy british style holds a spot on the telephone. market why not scan
try to make something out of the tax cut education of our soldiers feel. the alex explained you never please. when islamists. but would you be taking place in the galaxy. such a great holiday let's explain the chemistry to make. up for a week from old like space twenty one in making the three strikes late modern day usa even though this is a bit late in a lot of play we keep the to follow the trend in the fall the way trying to escape the shelf with the page was cut the mystique sticks eliquis...
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Dec 25, 2012
12/12
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KBCW
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there is only a week left to avoid the tax hikes and spending cuts that will impact almost every single american. tonight, the democratic senate leader might take the lead in crafting the compromise to prevent the tax hikes on at least the middle tax cut, which is the president's pardon plea. >>> and one of the president's last acts before leaving washington, caught some of the holiday travelers off guard today. the reporter, on how an unexpected federal holiday took on some christmas vacations. >> really upset. at this point i don't know what to do now. we just need to wait. we've been here for 7:30 in the morning. >> reporter: stranded on christmas eve, it's the same story for dozens who were suppose to have renewed or pick up passports today. they had appointments scheduled for today, including this one. and he was separated from his family as he is suppose to catch a flight to mexico tomorrow. and to see his wife and 2-year- old. >> it's extremely frustrating, disappointing that we won't be able to see them. from my daughter for christmas. >> reporter: and they were suppose to be op
there is only a week left to avoid the tax hikes and spending cuts that will impact almost every single american. tonight, the democratic senate leader might take the lead in crafting the compromise to prevent the tax hikes on at least the middle tax cut, which is the president's pardon plea. >>> and one of the president's last acts before leaving washington, caught some of the holiday travelers off guard today. the reporter, on how an unexpected federal holiday took on some christmas...
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self-imposed out costs from society i will cut myself am i going to tax my brother understand my one time my own immediate i am going to leave basically attack the cause of my anger and my frustration. that upgrade well into the dome. two of the most violent gangs in u.s. history. as a stall model kill or be killed with colors matching the national flag. but this country uses violence when it reaches and then it legitimizes the violence they all made in america on the odyssey. mission of free accreditation st johns for charges free her arrangements three risk free studio types free. download free broadcast quality video for your media projects a free mediocre dog harty dot com. please. more news today violence has once again fled uplands these are the images the world has been seeing from the streets of canada. in china operation the day please please. no brother walk out the door to school six in the morning and you get him is going to school so you got there what's up a signal of his world be up that early in the morning just know i'm saying to do something like that. we've been bu
self-imposed out costs from society i will cut myself am i going to tax my brother understand my one time my own immediate i am going to leave basically attack the cause of my anger and my frustration. that upgrade well into the dome. two of the most violent gangs in u.s. history. as a stall model kill or be killed with colors matching the national flag. but this country uses violence when it reaches and then it legitimizes the violence they all made in america on the odyssey. mission of free...
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Dec 29, 2012
12/12
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sales tax goes up .25% thanks to proposition 30. and state income taxes increase for households making more than $250,000. a year. >> can we go back to some better news? social media they addressed social media, yes? >> reporter: your employer cannot ask or you don't have to give them your social media user names and if you are applying for a new job, they can't ask you for what your user name is for a background check. >> thank you. >>> brian, i went outside about an hour ago and it felt like rain. it was cold and had that kind of feeling about it. >> it's really trying. it's raining over the ocean. we'll show you using hi-def doppler but first let's look at our camera that is heading towards san francisco, bay bridge if the foreground. pretty shot. on the doppler we're picking up a few cells offshore. you can see a little bit around the peninsula and some over the richmond/san rafael bridge. but aside from that, that was what the forecast was. most of these showers are going to stay offshore through the night, probably as we get t
sales tax goes up .25% thanks to proposition 30. and state income taxes increase for households making more than $250,000. a year. >> can we go back to some better news? social media they addressed social media, yes? >> reporter: your employer cannot ask or you don't have to give them your social media user names and if you are applying for a new job, they can't ask you for what your user name is for a background check. >> thank you. >>> brian, i went outside about an...
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Dec 26, 2012
12/12
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FBC
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taxes. and, on top of health care, that's why we have not gotten really any better off in unemployment than when the president took office. i just think it's time for us to stop talking about making it harder to create jobs and instead, say we champion small business and we want you to grow and expand and give us a great economy by hiring people. gerri: senator, i li what you said about stability and predictability. i think that's what a lot of people are looking for out there. thanks for coming on the show. great to have you here. i hope you come back soon. >> thanks, gerri. i love being on. thank you. gerri: thank you. a federal tax credit for wind power producers expires in 2013. the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this iss
taxes. and, on top of health care, that's why we have not gotten really any better off in unemployment than when the president took office. i just think it's time for us to stop talking about making it harder to create jobs and instead, say we champion small business and we want you to grow and expand and give us a great economy by hiring people. gerri: senator, i li what you said about stability and predictability. i think that's what a lot of people are looking for out there. thanks for...
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Dec 28, 2012
12/12
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KGO
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with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwarzkopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. schwarzkopf commanded operation desert storm, the coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to run for public office. norman schwarzkopf was 78. >>> for the second time this month, a man has been pushed to his death in the path of a new york subway train. last night, eyewitnesss say a mumbling woman shoved a man onto the tracks just as the train was pulling into an eleva
with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in...
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Dec 27, 2012
12/12
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KGO
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obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my daughter, at this age, i give her a long rope. and there is monitoring, because we have rules. but monitoring may be, you never know when i'm going to walk in your room and i'm going to definitely ask you, who are you talking to? and are you talking about school work? >> and they're not very good at lying. we joke sometimes about how malia is getting to the age now, boys start calling and sort of -- i always talk about how one of the main incentives for run
obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them...
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Dec 29, 2012
12/12
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FOXNEWSW
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we can't just rely on raising taxes. we have to look at cutting spending and the republicans are doing that, even more so with gite ner pointing out the -- geithner pointing out the fact, warning us on the debt ceiling. this shows us we have out of control spending and raising taxes is not going to get us out of this mess. >> alice, you realize that most americans think you need a combination of tax hikes and spending cuts. it's not just one half of the deal. this is republicans and democrats, about 70% of americans, so it's not just a one-sided deal, and the second thing to say is, you know, these guys aren't that far apart. you know, in fact, when you look at how much revenue boehner has put on the table, he's close to a trillion dollars and he's just simply saying i want a trillion dollars in spending cuts as with he will. president obama, he's close to the same number. they're about, you know, $300 billion apart. they're about 1% apart in this whole deal, so i don't think it's fair to just attack the democrats someho
we can't just rely on raising taxes. we have to look at cutting spending and the republicans are doing that, even more so with gite ner pointing out the -- geithner pointing out the fact, warning us on the debt ceiling. this shows us we have out of control spending and raising taxes is not going to get us out of this mess. >> alice, you realize that most americans think you need a combination of tax hikes and spending cuts. it's not just one half of the deal. this is republicans and...
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Dec 29, 2012
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and start raising taxes. they don't -- what they are doing. >> they are killing the parties that they are supposedly -- >> you can't be weak and kill the party at the same time, kathy. the new york times is saying look they are on their way out. meanwhile they are controlling a party. here is what i don't get. >> they are losing influence and weakening. that is what the article was about. they are losing influence. they had it at the time. >> some of the tea party folks. rand paul. he is a star in the conservative movement. so say they have no influence and they are dying out is false. >> i think it is wishful thinking on the "new york times" part because the conditions that brought about the party aren't going away. there is still going to be that belief that there needs to be change. >> the tea party just gave a name to a movement that was going to happen no matter what. people were not happy with the way the country was going and just jumped on to the wave that was happening. they named the wave, they didn
and start raising taxes. they don't -- what they are doing. >> they are killing the parties that they are supposedly -- >> you can't be weak and kill the party at the same time, kathy. the new york times is saying look they are on their way out. meanwhile they are controlling a party. here is what i don't get. >> they are losing influence and weakening. that is what the article was about. they are losing influence. they had it at the time. >> some of the tea party folks....
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Dec 30, 2012
12/12
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CNNW
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the minimum tax and the estate tax. that is everything that would hit average americans. the fiscal cliff, it may be bigger than people realize. don? >> lisa, thank you very much. a lot of us would like to tell lawmakers what we think of them. here is your chance right now, go to our ireport.com and start a message and we will play them to congress on air. it's murder charges now for a new york city woman who we are told has confessed to pushing a man in the subway track to his death. these details are new and we are still gathering information. there is david, he is in new york. david, what has this woman confessed? >> she seems to have confessed to a hate crime, don, she has been charged with second degree murder in the case of this man who was pushed off the subway platform in queens on thursday. and the queens district attorney's office released this statement. it was a quote from her saying i pushed a muslim off the tracks, ever since they put down the twin towers i've been beating them up. this adds a twist to the case that riled new york. this is the second inciden
the minimum tax and the estate tax. that is everything that would hit average americans. the fiscal cliff, it may be bigger than people realize. don? >> lisa, thank you very much. a lot of us would like to tell lawmakers what we think of them. here is your chance right now, go to our ireport.com and start a message and we will play them to congress on air. it's murder charges now for a new york city woman who we are told has confessed to pushing a man in the subway track to his death....
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Dec 29, 2012
12/12
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WETA
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it's a problem we have and that we cheat on our taxes and maybe we have a mistress on the side, but in this other area we're totally honest and straightforward and have a moral point of view that is consistent, and we think that's okay. but the moral decisions we make in one part of our life resonate through everything, and i think that's a lot of what we're talking about in this film as well. tavis: the characters are not the same, i want to be clear about that, but i was fascinated to go back through your corpus of work and i think i knew this, but i had forgotten it. you famously turned down the gordon gekko character, michael douglas played that. >> everyone asks me about that. first of all, no one could have done this better than michael. tavis: yeah, he played, yeah. >> nobody. tavis: exactly. >> nobody. and i don't even remember the circumstances, so i don't want to go there with this. tavis: no, i'm only raising that because you didn't do the gordon gekko character but you did do this one. what made you want to do this particular character? that's the only thing i wanted to ask
it's a problem we have and that we cheat on our taxes and maybe we have a mistress on the side, but in this other area we're totally honest and straightforward and have a moral point of view that is consistent, and we think that's okay. but the moral decisions we make in one part of our life resonate through everything, and i think that's a lot of what we're talking about in this film as well. tavis: the characters are not the same, i want to be clear about that, but i was fascinated to go back...
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Dec 27, 2012
12/12
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the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose in 18 of the 20 largest cities. tonight, 88-year-old george h.w. bush remains in a hospital in houston where he's been since last month battling a bad cough. the former president now has a persistent fever. bob orr joins us now from washington with details. bob. >> reporter: good evening, jim. well, a spokesman for the bush family says that former president george h.w. bush is in "guarded condition," with that stubborn fever you mentioned that's not responding well to tylenol. the 88-year-old former president is on a liquid diet, and tonight he's in an intensive care unit at the houston
the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose...
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Dec 28, 2012
12/12
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prop 30 voted into law in november will mean higher sales taxes and higher income taxes on the states top earners. the fiscal cliff would add to that. hitting all americans with higher taxes. the lowest income folks will see their take home pay shrink just over 3.5%. average earners 4% and top earners 6%. >>> the crystal ball that drops in new york's time square will have a little something extra this year. workers are already installing the 288 crystal panels. one of them is a little different from the rest. it's engraved with the name of dick clark. he hosted the new years eve telecast from time square for 40 years. this year's show will be hosted by ryan sea crest. >>> time now 6:26. let's go to tara. she is covering traffic. there is something going on in marin. >> yeah pretty minor thing. 101 northbound at highway 37 this is in novato. we have a stalled vehicle or someone that spun out. chp has not figured that out yet. right now let's take a live look at down in the south bay. 280 at the 880 split headlight there is are northbound traffic toward santa clara no delays. and 680 at
prop 30 voted into law in november will mean higher sales taxes and higher income taxes on the states top earners. the fiscal cliff would add to that. hitting all americans with higher taxes. the lowest income folks will see their take home pay shrink just over 3.5%. average earners 4% and top earners 6%. >>> the crystal ball that drops in new york's time square will have a little something extra this year. workers are already installing the 288 crystal panels. one of them is a little...
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Dec 29, 2012
12/12
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MSNBCW
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but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that would literally take food out of the mouths of hungry babies and in this country, you want to talk about crisis, fiscal crisis, et cetera, a crisis is that one out of five american children is hungry at some point during the year. that is just immoral. and they voted to even cut that. and so i agree with you. i think we have to talk about the consequences for real people. middle class, and as the president said tonight, those who aspire to the middle class. and that would include the unemployed right now, and we're going to extend unemployment insurance benefits. >> yeah, that's critical. gop source
but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that...
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Dec 28, 2012
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tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed americans will be off to a very rough start for the new year. for more on this let's turn to the reverend dr. haines iii, senior pastor at friendship west baptist church. dr. haines, welcome to the show. >> thank you, professor dyson. >> isn't it ironic, dr. haines, through this entire debate the focus has been on the wealthiest americans paying more taxes, not people who will lose unemployment benefits come january 1st? you're the pastor of a huge church in dallas that talks about poverty and social injustice. what's your reaction to this? >> well, not only is it ironic
tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed...
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Dec 27, 2012
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senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rating. >> frank lund says americans are fed up with gridlock in washington. >> there is no compromise, and i think that's going to grow as a concern among the public as we move into 2013. >> even starbucks is urging both sides to compromise. its employees are now writing "come together" on coffee cups in all washington, d.c., area stores. now, if congress does not act, experts believe the economy will
senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal...
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Dec 29, 2012
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the president still wants the tax increases for house molds making more than 250 -- households making more than $250,000 while the speaker wants those to start at $1 million so if they are still this far apart they have a long way to go. >> that's the issue the entire time. >> reporter: like this is new?! it is very frustrating. >> pushing the limit. >> we'll see. >> thanks, grace. >>> well, wall street isn't putting much faith in washington either. the dow lost 158 points today. its five-day losing streak is the longest since july. the nasdaq and s&p 500 also closed down. >>> we learned late this afternoon an indian woman who was brutally gang-raped and then thrown from a moving bus has died. three days after the attack, the 23-year-old woman was moved to a hospital in singapore in critical condition. six men on a new delhi bus raped and assaulted her for an hour and also beat a man that she was with. the horrific ordeal has galvanized indians there and here in the bay area. this is a vigil this afternoon. indian women have complained of regular harassment and sexual assaults. and pr
the president still wants the tax increases for house molds making more than 250 -- households making more than $250,000 while the speaker wants those to start at $1 million so if they are still this far apart they have a long way to go. >> that's the issue the entire time. >> reporter: like this is new?! it is very frustrating. >> pushing the limit. >> we'll see. >> thanks, grace. >>> well, wall street isn't putting much faith in washington either. the...
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Dec 22, 2012
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the president wants higher taxes for families making $250,000 a year and boehner is putting eight one million dollars. john hammer is back safe and sound for christmas. 27-year-old was released late friday after spending four months in a mexican prison. mexican police arrested him for crossing the border carrying a family heirloom shot shotgun he is facing 15 years behind bars. now back to fox filers. for the latest headlines go to foxnews.com. >>> we are here in grand central terminal in new york city. every day, 700,000 people pass through here which means that superdogs like holland have a very important job to do especially in a post 9/11 world. here is what it takes to become a four legged hero he. ♪ ♪ >> before they could do this, they all start out like this. fox files cameras got a first-hand look at the department of defense military working dog program at lackland air force base where puppies learn to become warriors. spread across nearly 9,000-acres in san antonio, texas, the base is home to the 341st training squadron. >> the purpose is to procure, train and produce ha
the president wants higher taxes for families making $250,000 a year and boehner is putting eight one million dollars. john hammer is back safe and sound for christmas. 27-year-old was released late friday after spending four months in a mexican prison. mexican police arrested him for crossing the border carrying a family heirloom shot shotgun he is facing 15 years behind bars. now back to fox filers. for the latest headlines go to foxnews.com. >>> we are here in grand central terminal...
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higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> reporter: republican pollster frank lund says americans are fed up with gridlock in washington. >> there is no compromise and i think that's going to grow as a
higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many...
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Dec 30, 2012
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taxes. if they want to live in america, they should otherwise go back to where they came from. if you have got people just sitting there in the 51%, just sitting without rolling, we need to get them out of the boat. here's the thing, if you have a house and cannot pay your bills, you shut off the cable, the cell phone, you get rid of the excess going to mcdonald's when you do not have the money. we have a spending situation in our government and no one wants to shut it off. the thing about it is the american people want to keep printing money, but there is a day of reckoning coming. when it comes there will be no military and we will have chaos. host -- >> it seems that much of that is focusing on the sequestration budget cuts and the cliff. set to happen and take effect on january 31. other members of other sunday shows -- by the way, we air all of the network's sunday programs on c-span radio. here is what they had to say this morning on "state of the union." [video clip] >> you have to fo
taxes. if they want to live in america, they should otherwise go back to where they came from. if you have got people just sitting there in the 51%, just sitting without rolling, we need to get them out of the boat. here's the thing, if you have a house and cannot pay your bills, you shut off the cable, the cell phone, you get rid of the excess going to mcdonald's when you do not have the money. we have a spending situation in our government and no one wants to shut it off. the thing about it...
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Dec 28, 2012
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that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime. cold temperatures are dipping below freezing now. look at fairfield, that's just dropped to 31 degrees. some people scraping some frost off their windshields this morning. 39 in vallejo. 35 santa rosa. so all that blue tells us it's chilly. and unfortunately by this afternoon, well, i guess it's fortunately if you like the cold weather, but it is going to be slightly cooler today than yesterday. a lot of low 50s. 52 santa rosa. only 50 in fairfield. a little more mild around the bay, 54 in oakland and fremont. as frank just mentioned, the rain, light rain set to hit the bay area friday after
that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime....
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Dec 22, 2012
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the tax code. why don't we take that up. ? let's get this done. it is called legislating. that is what used to in congress. democrats may be popping champagne corks about bringing down a plan b, but all their efforts to do so yesterday was not perfect -- protect one single tax. from a massive tax hike in a few weeks. the american people are waiting. surely we can do better than this. let's do it. i yield the floor. >> a leadership time is reserved -- the majority leader. >> mr. president, if this or not such a serious situation we face or sells, it would be laughable. can you imagine saying that we should defeat a bill that we have already defeated? we voted on the proposal at the same time we voted to pass that one protecting middle class americans. that passed the senate. giving the richest tax breaks that they get, the proposal they had was about $50,000 extra for each one of them. it was defeated in the senate. my friend, and he is my friend, the republican leader is struggling to find a way to
the tax code. why don't we take that up. ? let's get this done. it is called legislating. that is what used to in congress. democrats may be popping champagne corks about bringing down a plan b, but all their efforts to do so yesterday was not perfect -- protect one single tax. from a massive tax hike in a few weeks. the american people are waiting. surely we can do better than this. let's do it. i yield the floor. >> a leadership time is reserved -- the majority leader. >> mr....
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and the estate tax, whether there would be a specific to keep the estate tax from going up. now, as we know, reid and mcconnell are going to work out an agreement. the next element of this is that the president said if senators reid and mcconnell cannot come to a deal, the president did ask that republicans allow his alternate proposal come to a vote, the $250,000 measure. because the white house believes and democrats broadly believe that that could pass in both the house and the senate, candy. >> so jessica yellin is watching this from the white house as we await the president. i want to give you a couple of statements that we got up on capitol hill. these from senator reid and senator mcconnell, the respectively majority and minority leaders in the senate. the two men who are going to be talking over the next 24 hours to try to fix this fiscal cliff thing. here's what they had to say. >> we had a long meeting in the white house it was very constructive. i hope that the next 24 hours will be very instructive with what we're able to accomplish. >> was there discussion of a
and the estate tax, whether there would be a specific to keep the estate tax from going up. now, as we know, reid and mcconnell are going to work out an agreement. the next element of this is that the president said if senators reid and mcconnell cannot come to a deal, the president did ask that republicans allow his alternate proposal come to a vote, the $250,000 measure. because the white house believes and democrats broadly believe that that could pass in both the house and the senate,...
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taxes because these are tax deferred accounts. >> okay, so probably safe to say don't touch them but how can you avoid the knee-jerk reactions when you see you're losing so much money? >> we've seen it. in 2009, the sky is falling, chicken little and everything's going wrong and we can't seem to, we want to jump out of the market. those in 2009 missed a 130% return in the market because they dived out at the bottom. we don't want to be a part of the individuals who as we want to buy, we want to buy low and sell high and that might be an old cliche but it works. what a lot of individuals are trying to do, they're doing is i want to sell, get rid of the risk and jump out because the fiscal cliff seems too much to take. this is one small blip in a long-term scheme of investment strategy. five plus years we should be looking at, not just a few months time span that's caused by political agenda. our economic agenda and fiscal house says let's not make any rash decisions and do some things that we'd look back on and say i missed a lot of good return. >> all right, thank you so much, ryan m
taxes because these are tax deferred accounts. >> okay, so probably safe to say don't touch them but how can you avoid the knee-jerk reactions when you see you're losing so much money? >> we've seen it. in 2009, the sky is falling, chicken little and everything's going wrong and we can't seem to, we want to jump out of the market. those in 2009 missed a 130% return in the market because they dived out at the bottom. we don't want to be a part of the individuals who as we want to...
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, instead just voting to reinstate a tax cut, that then it sort of president obama's tax cut so he gets credit for that. >> do you have any sense of what will happen around that table today? who called the meeting if there's an agenda or are they going to sit around and stare at each other until one of them blinks? >> we don't have a sense. i'm sure that we will be getting a sense. this is supposed to take place at 3:00 p.m. at the white house. the vice president, president and four top congressional leaders. we don't know what will be said. i think we will likely hear from some camps afterwards. >> if you are wondering what a trip down the fiscal cliff might mean for your paycheck, for your 401(k), look no further than yesterday's dow. at the opening bell, a dive of more than 1%. investors finding little hope for the fiscal cliff compromise on capitol hill. when word came down two sides might be meeting. reversal of fortune. the dow rebounding for a while before finishing slightly lower. >>> a nation this morning remembering the american general credited with orchestrating one of the m
, instead just voting to reinstate a tax cut, that then it sort of president obama's tax cut so he gets credit for that. >> do you have any sense of what will happen around that table today? who called the meeting if there's an agenda or are they going to sit around and stare at each other until one of them blinks? >> we don't have a sense. i'm sure that we will be getting a sense. this is supposed to take place at 3:00 p.m. at the white house. the vice president, president and four...
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the rating agencies understand voting for a tax decrease is easier than tax increase. if this drags on to late january, the president is talking about using the inauguration as a forum to bash republicans, if this goes into february, they could come out irrespective of a deal going forward, aaa doesn't act like this. >> i think it's a problem if -- first of all, we don't get there. then there are down grades. that begins to sit in on corporate holdings. >> this is broader than insurance, major markets and holders. >> insurance is such a huge holder of corporate and municipal debt. the other thing, i think is interesting, i heard from the governor, i heard a statistic that rocked me back when i heard it, said in 2012, the first person to live to be 150 years old was born. think about the implications for that around annuities, social security, the medicare system. a lot of this is really not around poor management. i heard people saying it's been mismanaged. people are living so much longer than we ever expected. the retime ages set in 1800s. that is to a large degree w
the rating agencies understand voting for a tax decrease is easier than tax increase. if this drags on to late january, the president is talking about using the inauguration as a forum to bash republicans, if this goes into february, they could come out irrespective of a deal going forward, aaa doesn't act like this. >> i think it's a problem if -- first of all, we don't get there. then there are down grades. that begins to sit in on corporate holdings. >> this is broader than...
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that's the alternative minimum tax. also the wealth tax. conceived to prevent the wealthy from paying no taxes at all through deductions. congress has failed to pass an a adjustment to keep the amt from roping in lower taxpayers. irs was expecting that to happen. if congress fails to do so, revenue officials will start a lengthy and costly process of reprogramming computers. it could be march until effective taxpayers can file. >>> an interactive map is causing outrage in one community. what do all these little red dots mean? what do they locate? and why is a new newspaper under fire? we'll explain. year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. [ sniffs ] i took dayquil but my nose is still runny. [ male an
that's the alternative minimum tax. also the wealth tax. conceived to prevent the wealthy from paying no taxes at all through deductions. congress has failed to pass an a adjustment to keep the amt from roping in lower taxpayers. irs was expecting that to happen. if congress fails to do so, revenue officials will start a lengthy and costly process of reprogramming computers. it could be march until effective taxpayers can file. >>> an interactive map is causing outrage in one...
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but there's also a number of smaller tax measures that are set to expire. they sort of create their own set of problems, even for some democrats. so he may really need to do some lobbying on a few of them, don. >> brianna, how did he spend christmas? >> reporter: christmas, we talked about this yesterday. we said we wouldn't be surprised if he went to visit troops as he's done in past years. indeed he did end up doing that. he went a short distance from where he and the first family rent a home, to a military station here an oahu. and he visits with troops thanking them for their service and also thanking their families for their service. he said to them, we know the sacrifice that our military men and women make in defending our country. but sometimes it gets lost just how much of a sacrifice the families make as well. and as you know, don, first lady, michelle obama, has been really active with military families along with jill biden. so that was something also that was really important to her. >> brianna keilar in honeymoon lulu, thank you, brianna. >>>
but there's also a number of smaller tax measures that are set to expire. they sort of create their own set of problems, even for some democrats. so he may really need to do some lobbying on a few of them, don. >> brianna, how did he spend christmas? >> reporter: christmas, we talked about this yesterday. we said we wouldn't be surprised if he went to visit troops as he's done in past years. indeed he did end up doing that. he went a short distance from where he and the first family...
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they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday night and president basically said everyone should calm down, cool off over the holidays. take a listen. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i would ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. >> reporter: so, sing some carols today. probably will be some eggnog. here in hawaii, maybe back in ohio where john boehner is likely celebrating the holidays as well but they have got to seriously get back to work over the next couple days and top white house officials say we can expect the president by the end of this week, it is very, very
they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday night and president basically said everyone should calm down, cool off over the holidays. take a listen. >> everybody can cool off. everybody can drink some eggnog, have some christmas...
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taxes or prospect of lower bonuses? >> i think both. eccentric, bodes to spending here in the northeast. as long as the economy holds up in terms of the markets and home prices and those type of things, again, the consumer has always been about the ability to spend versus willingness to. >> so which are the retailers, tom, in your opinion that could be hit the hardest? luxury obviously runs the gamut. >> yeah, absolutely. i think in terms of the middle tier consumer, we still haven't seen them come back in terms of the aspirational. in the high end, if we see us going over the fiscal cliff, like we saw in the recession, there will definitely be a pullback. maybe less units purchased. but there's still on the margin impacted consumer. but in terms of the middle income consumer, that could be impacted the most. >> talk about the broader picture here. i appreciate we're getting articles continually out of china suggesting that the new regime is going to cut down on excessive displays of wealth. but the middle classes are s
taxes or prospect of lower bonuses? >> i think both. eccentric, bodes to spending here in the northeast. as long as the economy holds up in terms of the markets and home prices and those type of things, again, the consumer has always been about the ability to spend versus willingness to. >> so which are the retailers, tom, in your opinion that could be hit the hardest? luxury obviously runs the gamut. >> yeah, absolutely. i think in terms of the middle tier consumer, we still...
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he cut taxes everywhere except for that ratio. he cut capital gains tax. he got rid of them for 0 owner occupied homes. he cut tax on elderly workers and cut government spending by more than the last two presidents combined. just the opposite of president barack obama. >> why isn't president obama following that model? that model clearly had good results. why not do those things to capital gains taxes, et cetera? >> you've gone beyond my pay grade. every time you have the tax rate reductions, especially in the highest income groups, you have expansion like under kennedy, aig, bill clinton, hardy and coolidge. when you raise tax on the rich, you don't get your money and you cause recession or decline. it's common sense. you've never heard of anyone taxing an economy into prosperity. >> i go to you for the expertise but you make a compelling case. art laffer, former advisor -- >> by the way, alisyn. i saw the "fox & friends" team, sunday before christmas, drinking on the job. >> we were sniffing. >> okay. is that what you -- sniffing on the job. >> not drink
he cut taxes everywhere except for that ratio. he cut capital gains tax. he got rid of them for 0 owner occupied homes. he cut tax on elderly workers and cut government spending by more than the last two presidents combined. just the opposite of president barack obama. >> why isn't president obama following that model? that model clearly had good results. why not do those things to capital gains taxes, et cetera? >> you've gone beyond my pay grade. every time you have the tax rate...
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but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be cone in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwartzcopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. he commanded a coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to rub for public office. norman schwartzcopf was 78. >>> for the second time this month, a man has been pushed to his death in the path of a new york subway train. last night, a woman shoved the man on the tracks just as the train was pulling into the station on queens. it's not clear if she knew the victim. new york police are reviewing surveillance video recorded on the platform to try to identify the victim and the suspect. >> this is the second time this happened this month. the first one happened in times square. this one happened in queens. i love the fact that new york city has a subway system. but every time i'm putting
but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be cone in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwartzcopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. he commanded a coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to rub for public office....
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>> back in '69 they came out with something called "minimum tax." and in '82, the alternative minimum tax and this was a way to make sure the ch wealthy pay their fair share. this is how to level the playing field a little bit. this simply says now it's around $74,500. if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made more money and inflation has gone into place, things have not adjusted for the what the amt is now currently so this is going to be a big piece and those in the finance world are looking at making sure that this thing doesn't come into play. come 2014, people will have a big surprise if they file t
>> back in '69 they came out with something called "minimum tax." and in '82, the alternative minimum tax and this was a way to make sure the ch wealthy pay their fair share. this is how to level the playing field a little bit. this simply says now it's around $74,500. if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today....
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estate taxes. >> juliet: yeah. >> there are payroll tax issues. there's a whole host of alternative minimum tax that are important to small business owners. i have a lot of family business owners where the estate tax is very important to them. >> juliet: all right. bob russell, we appreciate you joining us today. it's obviously something that we all will be watching intently here at fox news channel. happy new year. all righty, coming up from the ice ages, punishment f, and banning bibles, the culture wars making news in 2012. we'll be right back. ♪ bye-bye miss american pie ♪ ♪ drove my chevy to the levee, but the levee was dry ♪ ♪ you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >> and welcome back. as 2012 comes to a close, let's take a look at part two of some of the most important culture stories, clicked on the most on foxnews.com. >> dave: and fox radio correspondent here with a recap. todd, we remember the ice ages, essentially punished for doi
estate taxes. >> juliet: yeah. >> there are payroll tax issues. there's a whole host of alternative minimum tax that are important to small business owners. i have a lot of family business owners where the estate tax is very important to them. >> juliet: all right. bob russell, we appreciate you joining us today. it's obviously something that we all will be watching intently here at fox news channel. happy new year. all righty, coming up from the ice ages, punishment f, and...